Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    China on right track to attain economic goals

    Xinhua | Updated: 2017-07-13 09:14
    Share
    Share - WeChat

    BEIJING — Ahead of Q2 economic data release, analysts are expressing confidence in China's growth momentum and its ability to attain annual economic goals.

    Next Monday, the National Bureau of Statistics will hold a press conference on economic performance and release a series of important Q2 and June figures, including GDP, fixed asset investment, industrial production and retail sales.

    The market consensus for Q2 economic growth is 6.8 percent, slightly lower than Q1 figure of 6.9 percent, the fastest pace in six quarters on the back of robust factory activity, strong consumption and rebounding exports.

    The slight downward trend comes from government efforts to rebalance the economy in pursuit of better quality and efficiency, including destocking, deleveraging and property curbs, according to Ren Zeping, chief economist at Founder Securities.

    Ren has forecast GDP growth to be 6.8 percent in Q2, 6.7 percent in Q3 and 6.6 percent in Q4.

    Though the trajectory is not looking very good, it still corroborates the resilience and sound momentum of the economy.

    If the projection is realized, the annual growth will be well above the government target of 6.5 percent.

    "General economic stabilization does not mean that economic growth always holds at a specific level, but it may have mild fluctuations at a relatively stable level," said Li Wei, head of the Development Research Center of the State Council.

    The economy is not short of stabilizing signs.

    On Tuesday, the country's state asset supervising authority announced strong profit growth for centrally administered state-owned enterprises in first half, with combined profits up 15.8 percent to 722 billion yuan (about $106 billion).

    The strong performance was attributed to improvement in the Chinese economy, progress in supply-side structural reform and government efforts to enhance their competitiveness.

    The consumer price index, a main gauge of inflation, rose 1.4 percent in the first half, much lower than the government target of holding inflation at around 3 percent.

    The producer price index, an important indicator of production activities, rose 6.6 percent in the first half, reversing a decline of 1.4 percent for last year.

    Manufacturing activity also beat market expectations in June, as the purchasing managers' index for the manufacturing sector stood at 51.7 points in June, higher than 51 for the ninth month and pointing to continued expansion.

    "China should consolidate the foundation for the stable economic performance with sound growth momentum," Premier Li Keqiang said last week when meeting entrepreneurs and experts.

    The country will continue to stabilize macroeconomic policies, market expectations and the financial market by sticking to its proactive fiscal policy and prudent monetary policy, taking forward-looking and effective macroeconomic regulation measures, and properly defusing risks, the premier added.

    Efforts will also be made to ensure stable employment, reduce corporate burden, expand effective investment and make consumption play a larger role in economic growth.

    "China's economy is seeing an increasing number of favorable conditions for realizing a medium-high growth, and the country can surely attain its annual growth target," Li Wei said.

    Last month, staff at the International Monetary Fund (IMF) made a preliminary forecast for China's growth this year at 6.7 percent, higher than the 6.6 percent projection in the IMF World Economic Outlook report issued in April.

    China has the potential to "safely sustain strong growth" over the medium term as it continues to move onto a more sustainable growth path and advance reforms, said David Lipton, IMF first deputy managing director.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲欧美精品一中文字幕| 亚洲真人无码永久在线| 亚洲av无码片vr一区二区三区| 亚洲AV无码乱码在线观看性色扶 | 欧洲人妻丰满av无码久久不卡 | 最近中文字幕免费完整| 成年无码av片在线| 亚洲av无码无在线观看红杏| 中文字幕无码久久久| 全球中文成人在线| 无码免费又爽又高潮喷水的视频| 无码精品人妻一区二区三区免费看 | 亚洲天堂2017无码中文| 中文字幕无码精品亚洲资源网久久| 国产激情无码视频在线播放性色| 亚洲AV综合色区无码一区爱AV | 亚洲成av人片在线观看无码不卡| 最近最新免费中文字幕高清| 久久精品中文字幕无码绿巨人| 亚洲AV永久无码天堂影院| 国产免费久久久久久无码| 国产精品视频一区二区三区无码| 无码人妻黑人中文字幕| 无码人妻精品一区二区三区在线 | 亚洲va无码专区国产乱码| 少妇性饥渴无码A区免费| 中文字幕乱人伦| 免费无码又爽又刺激一高潮| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 亚洲A∨无码一区二区三区| 国产成人无码免费看视频软件| 最近最新中文字幕完整版| 精品久久久久久久久久中文字幕| 中文字幕高清在线| 天堂网www中文在线资源| 人妻AV中出无码内射| 亚洲精品无码鲁网中文电影| 亚洲av无码av制服另类专区| 日韩精品无码专区免费播放| 成人免费无码H在线观看不卡| 国产真人无码作爱免费视频|